Power is being generated and sold to the utility but little is being consumed in an empty property.

But this is a large bank that operates under all of the large bank regulations. 

Tiffany, you'll probably find that subbing out more of the work that your husband is doing will allow you to grow faster than hiring an employee, but it just becomes a math problem to figure out if increased labor costs are offset by the higher overall revenue generated by doing more flips each year.

Trust me.Daniel you have to remember our generation is much more advanced than our parents and for that matter the previous generation of investors.We have resources they never had starting out.

Convincing your wife that hoarding money does nothing to generate income and it is time to make it earns it's keep is the real challenge.

You’ll also need an operating agreement to go with said llc and that costs several grand for an attorney to do.

With $140k alone, no, you can't make enough to live off of, BUT you can get a great head start on a portfolio that will eventually generate enough passive income to sustain you.

We are still operating in a historically low interest rate environment and while none of us really like it, it's actually good for the economy.Best of luckStephanie

If you're ok with that kind of return you should be relatively safe and have operating expenses covered with that rental rate assuming you've done the diligence (it seems correct though since I know the spring, tx area somewhat).

There are many folks who will tell white lies in this direction which I cannot promote so think being honest is the most sincere way to generate a response without imposing on them.